Last Updated: 2018-03-13
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RIO DE JANEIRO, March 13 (NNN-Xinhua) -- World Trade Organisation (WTO) director-general Roberto Azevedo on Monday warned of the potential "domino effect" of the proposed US tariffs on steel and aluminium.

"This escalation which has a domino effect is tough to reverse. Once you enter the path of reciprocal reprisals, you know how it begins but you don't know when you will be able to stop the process," said Azevedo, who is in Brazil to attend the World Economic Forum on Latin America from March 13-15.

The Brazilian-born WTO chief met with Brazilian President Michel Temer in Brasilia to discuss the US decision to slap steep tariffs on imported steel and aluminium.

"Unilateral announcements like those made by Trump tend to spark counter measures. The action and reaction sometimes lead to trade wars that are not in anyone's interest. There are only losers, since there are no winners in trade wars."

US President Donald Trump last week signed proclamations to impose a 25 per cent tariff on imported steel and a 10 per cent tariff on imported aluminium.

Washington's decision caused dissent among business groups and trading partners worldwide.

Brazil, the second largest exporter of steel to the US, joined the protest against the protectionist measures taken by the Trump administration. -- NNN-XINHUA